World Bank Plans El Nino Aid
Of Up to $1 Billion to Americas

AP-Dow Jones News Service

Updated Oct. 7, 1997 4:24 p.m. ET

BRUSSELS -- The World Bank is setting aside between $500 million and $1 billion for Latin American countries worst affected by El Nino, the abnormal weather pattern over the Pacific Ocean, a senior bank official said Tuesday.

Javed Burki, the bank's vice president for Latin America and the Caribbean, said Peru, hardest hit so far by the warming of its coastal waters, is likely get about $250 million to prepare flood control, emergency...